XML 36 R29.htm IDEA: XBRL DOCUMENT v3.25.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Summary of Maturity of Operating Lease Liabilities The amount and the maturity of the Company’s operating lease liabilities as of March 31, 2025, are as follows:

 

 

 

 

 

 

 

 

 

March 31, 2025

 

2025

 

 

 

 

 

 

 

$

622,094

 

2026

 

 

 

 

 

 

 

 

1,168,752

 

2027

 

 

 

 

 

 

 

 

1,522,500

 

2028

 

 

 

 

 

 

 

 

1,584,678

 

Thereafter

 

 

 

 

 

 

 

 

6,511,404

 

Total future minimum lease payments

 

 

 

 

 

 

 

 

11,409,428

 

Less imputed interest

 

 

 

 

 

 

 

 

3,138,818

 

Total operating lease liabilities

 

 

 

 

 

 

 

$

8,270,610

 

Included in the condensed consolidated balance sheet:

 

 

 

 

 

 

 

 

 

Current operating lease liabilities

 

 

 

 

 

 

 

$

765,616

 

Non-current operating lease liabilities

 

 

 

 

 

 

 

 

7,504,994

 

Total operating lease liabilities

 

 

 

 

 

 

 

$

8,270,610

 

Summary of Operating Lease Cost

For the three months ended March 31, 2025 and 2024, the total lease cost is comprised of the following amounts:

 

 

 

 

 

For the Three Months
Ended March 31,

 

 

 

 

 

 

 

2025

 

 

2024

 

Operating lease expense

 

 

 

 

 

$

401,809

 

 

$

89,496

 

Short-term lease expense

 

 

 

 

 

 

1,722

 

 

 

-

 

Total lease expense

 

 

 

 

 

$

403,531

 

 

$

89,496

 

Summary of Additional Information Related to Operating Leases

The following summarizes additional information related to operating leases:

 

 

 

 

 

 

 

March 31, 2025

 

 

December 31, 2024

 

Weighted-average remaining lease term (in years)

 

 

 

 

 

 

7.6

 

 

 

7.8

 

Weighted-average discount rate

 

 

 

 

 

 

8.6

%

 

 

8.6

%

Schedule Of Changes In The Companys Supplier Finance Obligations Changes in the Company's supplier finance obligations were as follows:

 

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2025

 

 

2024

 

Opening January 1

 

$

181,256

 

 

$

142,217

 

Payments

 

 

 

 

 

 

Expensed

 

 

98,508

 

 

 

80,109

 

Ending

 

$

82,748

 

 

$

62,108